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Peabody advised on sale of coking coal deposit

Peabody Australia has been advised in relation to its sale of the Wotonga South project to Stanmore Coal.

user iconJerome Doraisamy 15 June 2018 Big Law
For sale
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Firm: Corrs Chambers Westgarth (Peabody Australia); unknown (Stanmore Coal).

Deal: Peabody has agreed to sell the Wotonga South coking coal deposit to Stanmore Coal for $30 million in cash, plus a production-based royalty capped at around $10 million.

Value: $30 million.

Area: Energy, resources and projects.

Key players: The Corrs team was led by partner Bruce Adkins, who was assisted by special counsel Stuart Clague and graduate lawyer Caitlin McPhee.

Deal significance: “I am honoured to have acted for Peabody on their M&A transactions over a number of years, and delighted to have assisted them once again,” Mr Adkins said.

 

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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